Balance Sheet Report

Financial Highlights
12/31/2013
12/31/2014
12/31/2015
12/31/2016
Assets ($000)
Cash and Due from Banks 87,342 95,793 177,007 160,570
Fed Funds Sold 0 0 0 0
Deposits at Financial Institutions 159,306 65,790 34,564 145,654
Securities Purchased, to Resell 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0
Cash and Cash Equivalents 246,648 161,583 211,571 306,224
Trading Account Securities 0 0 0 0
Available for Sale Securities 501,254 553,584 646,805 674,248
Held to Maturity Securities 412,075 430,163 458,400 356,282
Other Securities 8,816 11,557 26,141 12,786
Total Cash & Securities 1,168,793 1,156,888 1,342,917 1,349,540
Gross Loans Held for Investment 3,881,018 3,987,874 5,413,462 6,202,709
Loan Loss Reserve 47,665 42,289 42,437 42,737
Loans Held for Sale, before Reserves 33,440 25,628 225,254 177,866
Total Net Loans 3,866,793 3,971,213 5,596,279 6,337,838
Real Estate Owned and Held for Investment 52,887 34,472 35,402 23,299
Goodwill 276,100 274,706 445,871 470,534
Core Deposit Intangibles 26,567 21,091 27,410 22,804
Other Intangibles 1,663 1,533 1,401 1,270
Intangible Assets other than Goodwill 28,230 22,624 28,811 24,074
Total Intangible Assets 304,330 297,330 474,682 494,608
Loan Servicing Rights 8,994 11,662 29,642 26,302
Credit Card Rights 0 0 0 NA
Other Loan Servicing Rights 0 0 0 NA
Total Servicing Rights 8,994 11,662 29,642 28,050
Fixed Assets 101,525 113,735 169,128 179,223
Interest Receivable 18,904 18,728 23,096 24,606
Prepaid Expense NA NA NA NA
Bank-owned Life Insurance 109,363 112,597 141,067 152,305
Other Assets 114,681 88,504 114,283 110,382
Total Other Assets 344,473 333,564 447,573 466,516
Total Assets 5,746,270 5,805,129 7,926,496 8,699,851
Memo: Consolidated VIE Assets 0 0 0 0
Memo: Covered Loans 181,674 143,041 93,142 0
Memo: Covered OREO 12,942 6,368 2,818 0
Memo: Covered Securities 0 0 0 0
Memo: Covered Assets 194,616 149,409 95,960 0
Liabilities ($000)
Total Deposits 4,841,912 4,838,418 6,218,602 7,059,137
FHLB Borrowings 75,405 61,611 452,930 108,542
Senior Debt 77,688 94,251 475,401 118,365
Trust Preferred (FAS 150) 94,187 94,574 95,095 95,643
Total Subordinated Debt 94,187 94,574 95,095 193,770
Redeemable Financial Instruments (FAS 150) 0 0 0 0
Total Debt 171,875 188,825 570,496 312,135
Total Other Liabilities 66,831 66,235 100,580 95,696
Total Liabilities 5,080,618 5,093,478 6,889,678 7,466,968
Memo: Consolidated VIE Liabilities 0 0 0 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Total Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0
Other Preferred Equity 0 0 0 0
Total Preferred Equity 0 0 0 0
Common Equity 665,652 711,651 1,036,818 1,232,883
Equity Attributable to Parent Company 665,652 711,651 1,036,818 1,232,883
Noncontrolling Interests 0 0 0 0
Total Equity 665,652 711,651 1,036,818 1,232,883
Net Unrealized Gain (7,058) 285 (235) (7,229)
Tot Acc Other Comprehensive Inc (11,973) (7,598) (9,535) (15,904)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 67.54 68.70 68.30 71.30
Loans/ Deposits 80.15 82.42 87.05 87.87
Loan Loss Reserves/ Gross Loans 1.22 1.05 0.75 0.67
Reserves/ Loans Held For Investment 1.23 1.06 0.78 0.69
One Year Gap/ Assets NA NA NA NA
1-4 Loans Serviced for Others($000) 889,213 1,178,390 3,090,839 2,763,344
Level 1 Assets($000) 0 0 0 0
Level 2 Assets($000) 519,842 563,187 860,088 842,833
Level 3 Assets($000) 65,877 36,576 38,816 55,533
Level 1 Liabilities($000) 0 0 0 0
Level 2 Liabilities($000) 3,316 6,293 7,319 5,910
Level 3 Liabilities($000) 0 0 0 0
FTE Employees(actual) 1,483 1,471 1,996 1,965
Annualized Growth Rates (%)
Asset Growth 37.52 1.02 36.54 9.76
Gross Loans HFI Growth 38.10 2.75 35.75 14.58
Deposit Growth 39.89 (0.07) 28.53 13.52
Average Balances ($000)
Avg Gross Loans HFI 3,185,296 3,914,679 4,633,635 5,895,955
Avg Loans HFS 29,271 26,337 202,368 237,216
Average Loans, Gross of Reserves 3,214,567 3,941,015 4,836,002 6,133,171
Avg Securities 799,955 1,002,449 1,063,222 1,073,611
Avg Other Int Earn Assets 100,147 138,299 74,776 89,514
Avg Secs & Other Int Earn Assets 900,102 1,140,748 1,137,998 1,163,125
Avg Interest Earning Assets 4,114,669 5,081,763 5,974,000 7,296,296
Avg Assets 4,731,523 5,816,517 6,874,982 8,416,510
Avg CDs 1,317,086 1,412,200 1,392,171 1,587,444
Avg Other Interest-bearing Deposits 1,965,729 2,544,868 3,030,200 3,615,993
Avg Interest-bearing Deposits 3,282,815 3,957,068 4,422,371 5,203,437
Avg Debt 173,161 186,318 376,208 523,812
Avg Interest-bearing Liabs 3,455,976 4,143,386 4,798,579 5,727,249
Avg Noninterest-bearing Deposits 666,147 921,903 1,125,969 1,467,881
Avg Total Deposits 3,948,962 4,878,971 5,548,340 6,671,318
Avg Preferred Equity 0 0 0 0
Avg Common Equity 557,227 691,802 876,915 1,116,038
Avg Equity 557,227 691,802 876,915 1,116,038
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.